New This Week
$ 1,350,000
Building For Sale
Property Type
Active
Status
16
Rooms
3,852/358
ASF/ASM
$ 13,208
Real Estate Taxes
[Per Annum]
Building Details
Rental Property
Ownership
Townhouse
Building Type
Voice Intercom
Service Level
Walk-up
Access
1960/31
Block/Lot
17'5"x55'
Building Size
17'5"x90'
Lot Size
R8
Zoning
1901
Year Built
4/7
Floors/Apts
Description
Cash on cash return over 8%! Contact the listing brokerage Harlem Lofts Inc for your private tour!
Situated in the Dorrance Brooks Square Historic District, 30 Edgecombe Avenue represents an outstanding investment opportunity. This Renaissance Revival red brick seven family townhouse overlooks St. Nicholas Park and has low real estate taxes and excellent gross operating income ($152,843/year), generating a capitalization rate of over 8 percent!
This property provides 3,850 square feet of space in a desirable location, plus an additional 5,631.5 square feet of air rights. The exterior has the original Renaissance Revival red brick and stone faade with a bay window on the second floor and Queen Anne accents, while the interior has original oak doors, woodwork, mirrors, and fireplaces.
The seven apartments, all rent-stabilized, consist of six studios and a floor-through two-bedroom home. All units have high ceilings, large windows, open-plan kitchens and tiled bathrooms. All units have separate meters and are wired for cable and internet.
This lovely townhouse is close to restaurants on Frederick Douglass and Adam Clayton Powell Boulevards, and City College is just a short walk away. The property is close to shopping on 125th Street and is conveniently situated for the B/C subway lines and the M3 and M10 bus lines, which are all adjacent to the house. For recreation, St. Nicholas Park is right across the street.
This property is delivered with well-qualified tenants in five of the seven units, and all paperwork. Contact us today for your private appointment!
*This is a cash-only sale - please be prepared to provide proof of funds
Situated in the Dorrance Brooks Square Historic District, 30 Edgecombe Avenue represents an outstanding investment opportunity. This Renaissance Revival red brick seven family townhouse overlooks St. Nicholas Park and has low real estate taxes and excellent gross operating income ($152,843/year), generating a capitalization rate of over 8 percent!
This property provides 3,850 square feet of space in a desirable location, plus an additional 5,631.5 square feet of air rights. The exterior has the original Renaissance Revival red brick and stone faade with a bay window on the second floor and Queen Anne accents, while the interior has original oak doors, woodwork, mirrors, and fireplaces.
The seven apartments, all rent-stabilized, consist of six studios and a floor-through two-bedroom home. All units have high ceilings, large windows, open-plan kitchens and tiled bathrooms. All units have separate meters and are wired for cable and internet.
This lovely townhouse is close to restaurants on Frederick Douglass and Adam Clayton Powell Boulevards, and City College is just a short walk away. The property is close to shopping on 125th Street and is conveniently situated for the B/C subway lines and the M3 and M10 bus lines, which are all adjacent to the house. For recreation, St. Nicholas Park is right across the street.
This property is delivered with well-qualified tenants in five of the seven units, and all paperwork. Contact us today for your private appointment!
*This is a cash-only sale - please be prepared to provide proof of funds
Cash on cash return over 8%! Contact the listing brokerage Harlem Lofts Inc for your private tour!
Situated in the Dorrance Brooks Square Historic District, 30 Edgecombe Avenue represents an outstanding investment opportunity. This Renaissance Revival red brick seven family townhouse overlooks St. Nicholas Park and has low real estate taxes and excellent gross operating income ($152,843/year), generating a capitalization rate of over 8 percent!
This property provides 3,850 square feet of space in a desirable location, plus an additional 5,631.5 square feet of air rights. The exterior has the original Renaissance Revival red brick and stone faade with a bay window on the second floor and Queen Anne accents, while the interior has original oak doors, woodwork, mirrors, and fireplaces.
The seven apartments, all rent-stabilized, consist of six studios and a floor-through two-bedroom home. All units have high ceilings, large windows, open-plan kitchens and tiled bathrooms. All units have separate meters and are wired for cable and internet.
This lovely townhouse is close to restaurants on Frederick Douglass and Adam Clayton Powell Boulevards, and City College is just a short walk away. The property is close to shopping on 125th Street and is conveniently situated for the B/C subway lines and the M3 and M10 bus lines, which are all adjacent to the house. For recreation, St. Nicholas Park is right across the street.
This property is delivered with well-qualified tenants in five of the seven units, and all paperwork. Contact us today for your private appointment!
*This is a cash-only sale - please be prepared to provide proof of funds
Situated in the Dorrance Brooks Square Historic District, 30 Edgecombe Avenue represents an outstanding investment opportunity. This Renaissance Revival red brick seven family townhouse overlooks St. Nicholas Park and has low real estate taxes and excellent gross operating income ($152,843/year), generating a capitalization rate of over 8 percent!
This property provides 3,850 square feet of space in a desirable location, plus an additional 5,631.5 square feet of air rights. The exterior has the original Renaissance Revival red brick and stone faade with a bay window on the second floor and Queen Anne accents, while the interior has original oak doors, woodwork, mirrors, and fireplaces.
The seven apartments, all rent-stabilized, consist of six studios and a floor-through two-bedroom home. All units have high ceilings, large windows, open-plan kitchens and tiled bathrooms. All units have separate meters and are wired for cable and internet.
This lovely townhouse is close to restaurants on Frederick Douglass and Adam Clayton Powell Boulevards, and City College is just a short walk away. The property is close to shopping on 125th Street and is conveniently situated for the B/C subway lines and the M3 and M10 bus lines, which are all adjacent to the house. For recreation, St. Nicholas Park is right across the street.
This property is delivered with well-qualified tenants in five of the seven units, and all paperwork. Contact us today for your private appointment!
*This is a cash-only sale - please be prepared to provide proof of funds
Listing Courtesy of Harlem Lofts, Inc.
Features
A/C [Window Units]
Contact
Charles Mazalatis
License
Licensed As: Charles Mazalatis
President & Licensed Real Estate Broker
Mortgage Calculator
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 24035TH
